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- Lyntia
Lyntia Acquisition & Valuation
Lyntia was acquired by Morrison & Co, AXA Alternative Investments and Swiss Life Asset Managers in July 2022.
Lyntia acquisition price
Undisclosed
Acquired by Morrison & Co, AXA Alternative Investments +1 ยท Jul 2022
Key investors in Lyntia
About Lyntia
Lyntia Networks is a carrier-neutral wholesale fibre operator serving Spain and Portugal, providing dark fibre, optical services, colocation, and data-centre interconnection to telecom operators, service providers, and cloud providers. Its network spans roughly 43,000 kilometres, reaching around 2,700 mid-sized and underserved towns and coastal areas across Spain.
Founded
1998
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Usage-based
Sectors
Lyntia Acquisition
Lyntia was acquired by Morrison & Co, AXA Alternative Investments and Swiss Life Asset Managers for an undisclosed price on 25 July 2022.
Morrison & Co announced the acquisition of a 33.3 per cent stake in Spanish wholesale fibre operator Lyntia Networks, joining AXA IM Alts and Swiss Life Asset Managers in a consortium buying the business from Antin Infrastructure Partners. Morrison & Co invested on behalf of The Morrison & Co Infrastructure Partnership, its open-ended global infrastructure fund, adding a Spanish asset to a digital portfolio that already included Fore Freedom in the Netherlands and Amplitel in Australia. The acquisition completed in January 2023, after which Francisco Roman was appointed president and Antin retained the separate Lyntia Access fibre-to-the-home business.
| Acquirer | Date | Type |
|---|---|---|
| 25 Jul 2022 | PE buyout |
Sources: morrisonglobal.com, morrisonglobal.com, antin-ip.com
Lyntia Funding History
Lyntia has 1 recorded secondary share sale and no primary funding rounds.
Lyntia funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Jun 2018 | Secondary | Enel (lead) | $175M |
Who has invested in Lyntia?
1 investor has backed Lyntia across its funding rounds, including Enel.
Lead investors include Enel.
Lyntia Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Lyntia investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialLyntia Competitors
Lyntia competitors include listed companies like FOCI Fiber Optic Communications, Uniti Group, Mitratel and Chorus, and private ones like BBL Company and Plume Design.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $59M | $4M | $2.3B | 31.6x | ||
| Publicly listed | $2.2B | $1.2B | $2.3B | 3.9x | ||
| Publicly listed | $537M | $402M | $2.2B | 5.8x | ||
| Private | - | - | $2.2B | - | ||
| Private | - | - | $2.6B | - | ||
| Publicly listed | $591M | $291M | $2.1B | 6.5x |
Lyntia Public Comps
Lyntia is no longer listed, but its public comps include FOCI Fiber Optic Communications, Uniti Group, Mitratel, Chorus, Browave, Helios Towers, Telesites, Tower Bersama, IHS Towers and NetLink NBN.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $59M | $4M | 37.2x | 31.6x | 522.6x | 512.9x | |||
| $2.2B | $1.2B | 5.7x | 3.9x | 10.9x | 9.2x | |||
| $537M | $402M | 6.0x | 5.8x | 8.1x | 7.1x | |||
| $591M | $291M | 6.7x | 6.5x | 13.6x | 9.2x | |||
| $70M | $19M | 26.8x | 26.2x | 96.3x | 89.2x | |||
| $854M | $489M | 5.4x | 5.0x | 9.5x | 9.1x | |||
| $809M | $682M | 7.3x | 7.1x | 8.7x | 7.8x | |||
| $390M | $290M | 9.0x | 8.9x | 12.1x | 10.4x | |||
This data is available for Pro users. Sign up to see all Lyntia competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Lyntia
| When was Lyntia founded? | Lyntia was founded in 1998. |
| Where is Lyntia headquartered? | Lyntia is headquartered in Spain. |
| Is Lyntia publicly listed? | No, Lyntia was acquired by Morrison & Co, AXA Alternative Investments and Swiss Life Asset Managers in July 2022. |
| Who acquired Lyntia? | Lyntia was acquired by Morrison & Co, AXA Alternative Investments and Swiss Life Asset Managers in July 2022. |
| Who are Lyntia's investors? | Lyntia's investors include Enel. |
| Which companies are comparable to Lyntia? | Companies comparable to Lyntia include FOCI Fiber Optic Communications, Uniti Group, Mitratel, BBL Company, Plume Design and Chorus. |
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